Last month, PeeWee Company manufactured 20,000 units and sold 18,000 of these un

Question

Last month, PeeWee Company manufactured 20,000 units and sold 18,000 of these units at a price of $8.00 per unit. Manufacturing costs consisted of direct labor, $30,000; direct materials, $32,000; variable manufacturing overhead, $3,600; fixed manufacturing overhead, $21,600. Selling and administrative costs totaled $24,000. Reference: Ref 5-1
What is PeeWee's net income using variable costing? Last month, PeeWee Company manufactured 20,000 units and sold 18,000 of these units at a price of $8.00 per unit. Manufacturing costs consisted of direct labor, $30,000; direct materials, $32,000; variable manufacturing overhead, $3,600; fixed manufacturing overhead, $21,600. Selling and administrative costs totaled $24,000. Reference: Ref 5-1 What is PeeWee's net income using variable costing?

Explanation / Answer

$39360

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